UBI SO (Forex) 2021: Exam Pattern & Syllabus

Published on Monday, August 16, 2021
Dear Readers,
UBI SO Manager/Assistant Manager (Forex) exam is going to be conducted for the selection of Manager/Assistant Manager (Forex) in Union Bank of India. In this post, we will provide the Exam Pattern, Exam Syllabus for the UBI SO Manager/Assistant Manager (Forex) 2021 exam.

Number of Vacancies

170

Important Dates

Start Date for payment of fees/intimation charges and submitting the ON-LINE application.

12.08.2021

Last Date for payment of fees/intimation charges and submitting the ON-LINE application.

03.09.2021

Eligibility Criteria

50 Vacancies of Manager (Forex) - MMGS-II

Age:

  • Minimum: 25 years
  • Maximum: 35 years

Educational Qualification:

  • Graduate in any discipline from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies. 
AND
  • Full time MBA (Minimum 2 Years) / PGDBA / PGDBM/ PGPM/ PGDM with Specialization in Finance / International Business/Trade Finance from a University / Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies with a minimum of 60% marks in aggregate.
  • Certificate Course in Forex conducted by IIBF along with above mention qualification will be preferred.

Work Experience:

  • Minimum 3 years of experience in Banking and Finance in Foreign trade Finance operations in Public/Private Sector Banks.

60 Vacancies of Assistant Manager (Forex) - JMGS-I

Age: 

  • Minimum: 20 years 
  • Maximum: 30 years 

Educational Qualifications: 

  • Graduate in any discipline from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies. 
AND
  • Full time MBA (Minimum 2 Years) / PGDBA / PGDBM/ PGPM/ PGDM with Specialization in Finance / International Business/Trade Finance from a University / Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies with a minimum of 60% marks in aggregate.
  • Certificate Course in Forex conducted by IIBF along with above mention qualification will be preferred.

Probation Period:

  • The selected candidates will be on probation for a period of 2 years of active service from the date of his/her joining the Bank.

Service Indemnity Bond:

  • The selected candidates will be required to execute a Service Indemnity Bond undertaking to serve the Bank for a minimum period of 3 years or to pay the Bank a sum of Rs.250000.00 (Rs. Two Lac Fifty Thousand Only) plus applicable taxes as per Government rules in case he/she leaves the Bank before completion of 3 years of active service.

Selection Process

Online Examination

SN

Name of the Tests

No. of Questions and Maximum Marks

1.

Reasoning

50 multiple choice questions carrying a total of 25 marks

2.

Quantitative Aptitude

50 multiple choice questions carrying a total of 50 marks.

3.

Professional Knowledge relevant to the post.

50 multiple choice questions carrying a total of 100 marks.

4.

English Language

50 multiple choice questions carrying a total of 25 marks

Total Duration of Examination will be of 120 minutes

Total 200 multiple choice questions carrying a total of 200 Marks.

Personal Interview

  • A Personal Interview of 50 marks shall be conducted to assess the academic & job knowledge, power of expression, clarity of thought, qualities of leadership, extracurricular activities, hobbies, general demeanour, behaviour, communication skills, suitability for the post, etc. of the applicant.
  • The minimum qualifying marks for the Personal Interview would be 25 marks (22.5 marks for Reserved Category applicants). The applicants not securing the minimum qualifying marks in the Personal Interview will be disqualified for selection. The candidates called for the interview will be at the ratio of 3:1 to the number of vacancies. However, Bank may increase the said ratio at its own discretion.

Group Discussion

  • Maximum marks for Group Discussion will be 50 and minimum qualifying marks will be 25 for General/EWS and 22.5 for reserved categories (SC/ST/OBC). Only those candidates who have secured minimum qualifying marks in GD shall be called for a Personal Interview. Mere participation in Group Discussion shall not vest any right in a candidate for being called for a Personal Interview.

Syllabus for Manager/Assistant Manager (Forex)

Reasoning Ability

  • Puzzles
  • Seating Arrangements
  • Coding & Decoding
  • Syllogism
  • Machine Input Output
  • Direction Sense Test
  • Blood Relations
  • Problems based on Ages
  • Rankings
  • Data Sufficiency
  • Statement and Conclusions
  • Statement and Assumptions
  • Statement and Arguments

Quantitative Aptitude

  • Data Interpretation
  • Data Sufficiency
  • Number Series
  • Time and Work
  • Time and Distance
  • Approximation
  • Simple and Compound Interest
  • Ratio and Proportion
  • Averages
  • Mixture and Allegation
  • Pipes and Cisterns
  • Problems based on trains
  • Percentages
  • Partnership
  • Profit, Loss and Discount
  • Elements of Algebra
  • Quadratic Equations

Professional Knowledge

Basics

  • How the FOREX Market works.
  • Currency pairs types.
  • Understand FOREX Terminology: Bid, Ask, Spread, Swaps etc.
  • Understanding Types of Orders
  • Understand Pips, Points and Lots.
  • Understanding Leverage and Short Selling

Risk and risk management

  • Risk management basics
  • Derivatives
  • Option trading strategies
  • Leverage
  • Risk reward ratio
  • Stop loss
  • Understand how to use Technical Analysis and Fundamental Analysis.
  • Candlestick Patterns, Reversal candlestick patterns, Continuous candlestick patterns, Support and resistance, channels, and pivot points.
  • Chart Patterns, Volume and Technical Indicators.
  • How to reduce losses and manage overall portfolio risk.

Core FOREX Topics

I. a) FEDAI Role and Rules of FEDAI
b) Foreign Exchange Rates and Risk Management
c) Code of Conduct
II. Forex Facilities for Resident Indians
a) Travel and Non-Travel Related Remittances
b) Liberalised Remittance Scheme
c) Foreign Currency Accounts in India
III. Forex Facilities for Non-Resident Indians
a) Deposit Schemes for Non-Resident Indians
b) Loans for NRIs
c) Investments Facilities for NRIs
d) Other Facilities for NRIs 5
IV. a) Import of Goods and Services
b) Outward Remittances other than Imports
c) External Commercial Borrowing
V. a) Export of Goods and Services
b) Foreign Currency Accounts in India
c) Foreign Currency Accounts outside India
d) Investments Outside India
VI. a) Investments in India by Non-Resident Corporate / FIIs/other entities
b) Purchase of Equity Shares and Convertible Debentures issued by an Indian Company
c) Investment by Registered Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme
d) Purchase and Sale of securities other than shares or convertible debentures by FIIs
VII. Documentary Credits and Standby Credits
VIII. Export Finance
IX. Foreign Trade Policy 2015 – 2020

English Language

  • Reading Comprehensions
  • Para Jumbles
  • Vocabulary
  • Error Spotting
  • Cloze test
  • Fill in the blanks
  • Vocabulary
  • Idioms & Phrases
  • Sentence Connector
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